@Depin_IoTex@CryptoMichNL I guess they could have set up the structure this way but they didn’t. Oracle providers need to get paid for their service and if they are paid in LINK then the constant buy pressure coming from fee conversions to LINK is the expectation for appreciation
Today we announced progress toward our goal of advancing 24/7 collateral mobility. DTCC’s Collateral AppChain, a shared infrastructure platform for collateral, will leverage the Chainlink Runtime Environment (CRE) and @chainlink data standard to enable near real-time collateral management across financial markets and blockchains.
The integration will enable the seamless pairing of asset prices, valuations, and movement, with the aim of overhauling how market risk is managed globally and unlock greater capital efficiency.
This milestone reflects our broader vision to enable 24/7, near real-time collateral management across the global financial system.
Read the full announcement: https://t.co/ELVio44scA
After an extensive security review, we have decided to deprecate @LayerZero_Core bridges for SolvBTC and xSolvBTC, and migrate to @Chainlink CCIP as our official cross-chain infrastructure solution for $700M+ in tokenized BTC (SolvBTC & xSolvBTC).
In light of recent industry events, Solv reviewed its existing bridges and found that CCIP provided the strongest security assurances through its secure-by-default architecture, native risk controls and proactive monitoring.
Through CCIP, we are providing our users with the highest assurance that the most secure infrastructure is securing all cross-chain transfers.
Furthermore, CCIP because it is widely regarded as the gold standard for decentralized interoperability and officially recognized by the @WhiteHouse as critical infrastructure for the digital asset ecosystem.
This migration reinforces Solv’s unwavering commitment to delivering institutional-grade protection for our users.
Learn more: https://t.co/xjYk8OvIqg
After the recent LayerZero exploit, we are taking steps to ensure rsETH is fully secure, which is why we are migrating to @chainlink CCIP.
From the April 18 incident, it is clear that LayerZero's own infrastructure was exploited, resulting in $300M in losses across DeFi. Independent reports from SEAL 911, Chainalysis, and other major leading security researchers all point to the same origin.
There are questions that the ecosystem deserves answers to. And we are ensuring rsETH is secured by infrastructure that doesn't leave these questions open.
That’s why we’re setting the record straight.
Just released: “Chainlink in Plain English” – why Chainlink matters for stablecoins, tokenization, and mass-scale adoption.
Written for traditional investors, by crypto experts.
Share it with the Chainlink skeptic in your life.
https://t.co/CXD1K6JEyH
@TheLinkPanda Best part is that the fee doesn’t HAVE to be paid in LINK but it is ALWAYS converted to LINK. Makes it much easier for institutions who prefer to pay in fiat while maintaining buy pressure on the token